It’s unfortunate LKE have no security over his holding, for the...

First 197 Last

Share
Profile

Follow
dugsab

16,652 Posts.

2603

24/04/23

14:13

Post #: 67429909
Share

Originally posted by Mozza01: ↑

teddie,

You really seem to have it in for Stu....and have had for some time.

I can't speak for any group of Shareholders as a collective. I can only give you my thoughts.

All I can say on this is that no, it hasn't been a good look to see Directors selling along the way....it never is from a Director in any Company - but they have each sold for their own reasons and neither you nor I are a party to those. Steve sold the balance of his holdings when he left the Company...and gave his reasons openly in an interview where he said "that is what Directors do when they leave a Company". I don't think he was happy about the circumstances of his departure and, from where I sit, I think his call to dump his shares the way he did was somewhat emotionally driven - but, you have to also acknowledge that his presence on the share register in the Top 100 dated 23/2/23 (at #71 and holding 1,583,981 shares) also suggests that he bought back in and at a higher price than we are currently sitting. Nick Lindsay also appears in the same Top 100 list at #44 and holding 2,450,000 shares and of course, Stu is still in there with his 10M shares.

The notice to the market when Stu sold noted a "financial obligation" being behind his selling. If he's in a position where he's honouring a previous commitment, then that is good enough for me. I as a Shareholder don't know of his private circumstances, nor do I expect to hear about what it was that lead to the sale! I would have thought you would have seen him sell at over $1-2 mark if he thought we were overvalued then....not at 48c!

I certainly don't see this as a reason for him to have to go.

Expand

It’s unfortunate LKE have no security over his holding, for the $650,000 loan owed to the company.

Nice piece of Governance indeed !!

IMO DYOR

LKE Price at posting: 42.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

PMT

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

HCH

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

RXM

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

CXO

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

WCN

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

There are more pages in this discussion • 2 more messages in this thread...

First 197 Last

Add LKE (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change -0.001(2.44%)		Mkt cap ! $66.52M

Open	High	Low	Value	Volume
4.2¢	4.2¢	3.8¢	$298.8K	7.546M

Buyers (Bids)

No.	Vol.	Price($)
9	558656	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	384016	4

View Market Depth

No.	Vol.	Price($)
9	558656	0.039
20	2190427	0.038
19	3527641	0.037
22	1788205	0.036
25	3234539	0.035

Price($)	Vol.	No.
0.040	384016	4
0.041	282146	3
0.042	397549	6
0.043	293902	3
0.044	571230	8

Last trade - 16.10pm 08/07/2024 (20 minute delay)

LKE (ASX) Chart

It’s unfortunate LKE have no security over his holding, for the...

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It’s unfortunate LKE have no security over his holding, for the...

Top Stories

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News